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BUS702 Economics For Managers

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Answer: Introduction: Recession could be termed as a considerable fall in the spread of economic activity throughout the economy, which has lasted for much time. This has been visible normally in real gross domestic product (GDP), employment, actual income, sales associated with retail and wholesale along with industrial production (Aguiar, Hurst and Karabarbounis 2013). The recession of US has resulted in a global financial crisis that has s...

Read More arrow Tags: Australia Chermside Management PM University of New South Wales Humanities 

BUS702 Economics For Managers

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Answers: Answer:-1 The elasticity of different food category clearly reveals that people crave for unhealthy foods like sweets and sugar based snacks as they have lower elasticity reflecting inelastic demand. That is for one unit change in price the amount change in demand would be less than one unit. This kind of demand creates more burden on consumers when the goods are taxed (Stiglitz and Rosengard 2015). Hence imposition of tax can be goo...

Read More arrow Tags: Australia South Bank Management PM University of New South Wales 

MPE781 Economics For Managers

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Answer: The grocery supermarket structure in Australia is oligopolistic in nature. The market is concentrated among few large retailers. Woolworths and Coles are two big retailers in the market. Intense competition prevails between Woolworths and Coles to for retaining market share. Recently rising big player in the supermarket is Aldi. However, with increasing competition from Woolworths and new competitor Aldi, Coles has accounted a decline ...

Read More arrow Tags: Australia Moonee Ponds Management PM University of New South Wales 

BUS702 Economics For Managers

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Answer: Introduction The period from 2007 to 2008 marked as the period of Financial Crisis and is considered as first contraction of global economy after the period of Second World War (Aguiar, Hurst and Karabarbounis, 2013). Many economies were affected by this Financial Crisis and sluggish recovery was observed subsequently (Lo and Rogoff, 2015. This recession period was observed to be different from prior recessions, since it marked simult...

Read More arrow Tags: Australia Mount Lewis Management PM University of New South Wales 

ECON 7239 Economics For Management

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Answers: Similarities and Differences between Monopolies and Oligopolies Today, Monopolies and Oligopolies are among the most predominant market structures in the world. Primarily, a monopoly refers to a market structure where there is only one firm offering a particular product. On the other hand, an oligopoly market structure is one in which there are few large firms that dominate the entire market. Notably, both markets serve many consumer...

Read More arrow Tags: Australia Parramatta Management PM University of New South Wales Masters in Business Administration 

BUS702 Economics For Manager

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Answers: 1: Own price elasticity can be defined by, Which reflects the responsiveness of quantity demanded to change in its price and help sto detect which is elastic or inelastic demand?  From the own price elasticity data of different food category  it can be seen that the low calorie segments of sweet and sugary snacks as well as dairy product have lower elasticity than the higher calorie one. For necessary goods like fruits an...

Read More arrow Tags: Australia Toowoomba Management PM University of New South Wales 

ECON 7239 Economics For Management

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Answer: Introduction  Government of a country intervenes in economic activities to ensure a stable economic performance. Fiscal and monetary policy are the two macroeconomic instrument for influencing aggregate demand and other economic variables. Monetary policy particularly aims to maintain a stability in the price level by influencing money supply and interest rate. Every economy tries to achieve a sustained economic growth along with...

Read More arrow Tags: Australia Melbourne Management PM University of Melbourne 

ECO5000 Economics For Managers

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Answer: 1. The costs of Production line are fixed while the costs of labour can be changed. (It is assumed the factory produces at a the lowest minimum cost currently. ) Assuming that labour is the only variable cost here, MC = Cl..  Cl.. = Cost of Labour per unit of cards produced Total Cost of Production is TC= Ck + 100,000 Cl.. CK = Total Cost per Unit of the capital Used (Capital = Production line Costs) It ...

Read More arrow Tags: Australia Marrickville Management PM University of New South Wales 

ECO 5000 Economics For Managers For Production Line Costs And Capital

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Answer: The costs of Production line are fixed while the costs of labour can be changed. (It is assumed the factory produces at a the lowest minimum cost currently. ) Assuming that labour is the only variable cost here, MC = Cl..  Cl.. = Cost of Labour per unit of cards produced Total Cost of Production is TC= Ck + 100,000 Cl.. CK = Total Cost per Unit of the capital Used (Capital = Production line Costs) It is gen...

Read More arrow Tags: Australia Marrickville Management PM University of New South Wales 

Effect Of Increasing Business Investment

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Question: Discuss about the Effect Of Increasing Business Investment.     Answer: In this particular discussion paper, the economic scenario of Australia has been critically analysed based on interest rate decisions of the Reserve Bank of Australia. The mounting pressure of government budget deficit can be identified as one of the largest economic challenges for Turnbull government. Under the current circumstances, in order to redu...

Read More arrow Tags: Australia Bangholme Management PM University of New South Wales 

Microeconomics And Behavior Tools System

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Question: Discuss about the Microeconomics and Behavior Tools System.     Answer: Introduction: Unwholesome food habits enhance government expenses on diverse health as well as services. However, in order to resolve this, there is need for using tools of subsidy as well as tax in combination. Although, both subsidies along with taxes have distorting impact, it can transform purchasing habit by altering prices by the consumers an...

Read More arrow Tags: Australia Chermside Management PM University of New South Wales 

Affecting Many Countries Around The Globe

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Question: Discuss About The Affecting Many Countries Around The Globe?   Answer: Introduction The financial crisis that began with the bursting of US housing market lasted from December 2007 to June 2009 affecting many countries around the globe. It was the deepest economic downturn called “The Great Recession”.  This was considered to be largest after the great depression caused by the sharp decline in economy. T...

Read More arrow Tags: Australia Woolloongabba Management PM University of New South Wales 

Fiscal Policy Actions Of The Government

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Question: Discuss about the Effectiveness of Fiscal Policy Actions of the Government.     Answer: The graph above represents the changes that would occur if tax was imposed on sweets and sugary snacks. Since the demand is inelastic to both low and high calorie food stuffs, the demand curve is steeply sloped; the close the elasticity to zero, the more vertical the slope becomes; at zero the curve is perfect inelastic and is verti...

Read More arrow Tags: Australia Padstow Management PM University of New South Wales 

Australian Retail Banking Industry

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Question: Discuss about the Australian Retail Banking Industry.     Answer: Introduction: The financial system of any country is the backbone of its economic stability and sustainable growth. Australia has very developed financial market which has significant contribution in nations’ economic growth. In 2015, it has contributed around $140 billion in GDP of country. Australian financial sector has strong regulatory system ...

Read More arrow Tags: Australia Melbourne Management PM University of Melbourne Masters in Business Administration 

Business Logistics Demand And Supply Chain Management

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Question: Discuss about the Business Logistics Demand and Supply Chain Management.     Answer: Introduction: Goods that have hidden charges are characterized by a wide range of factors which determines their production, distribution and eventual consumption. Despite their perceived profitability index to the firms, such goods do not exist in all markets. They have specific qualities that single them out in the market. More so, t...

Read More arrow Tags: Australia Canterbury Management PM University of New South Wales Masters in Business Administration 
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